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Inheritances come in three primary forms: cash, real estate and investments. How to handle a cash inheritanceCash is the easiest asset to handle, as long as you're not receiving a boatload of it. How to handle inheriting real estateUnless your parents lived in a palace, you're unlikely to run into the inheritance tax limit on a real estate inheritance either. But remember: Real estate often comes with upkeep costs, says Patel. "People underestimate the expense in real estate, so you should be aware of that prior to making the decision."
Persons: it's, windfalls, Grandpa Winston's, Inheritances, Clay Ernst, Cash, Pratik Patel, We're, Patel, you'll, , Ernst Organizations: University of Pennsylvania, Federal Reserve's Survey, Consumer Finances, Edelman, BMO Family Office Locations: United States
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